FAHY.DE vs. GB1E.DE
FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) and GB1E.DE (Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc) are both High Yield Bonds funds from Invesco - FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD while GB1E.DE tracks the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. Both are passively managed. Over the past 3 years, FAHY.DE returned 4.93%/yr vs 6.25%/yr for GB1E.DE. At a 0.24 correlation, their price movements are largely independent. FAHY.DE charges 0.45%/yr vs 0.30%/yr for GB1E.DE.
Performance
FAHY.DE vs. GB1E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FAHY.DE achieves a 1.84% return, which is significantly higher than GB1E.DE's 0.54% return.
FAHY.DE
- 1D
- -0.16%
- 1M
- 1.51%
- YTD
- 1.84%
- 6M
- 0.61%
- 1Y
- 5.71%
- 3Y*
- 4.93%
- 5Y*
- 3.51%
- 10Y*
- —
GB1E.DE
- 1D
- -0.14%
- 1M
- -0.35%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.91%
- 3Y*
- 6.25%
- 5Y*
- —
- 10Y*
- —
FAHY.DE vs. GB1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 1.84% | -2.35% | 10.86% | 6.01% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.54% | 5.84% | 5.89% | 6.21% |
Correlation
The correlation between FAHY.DE and GB1E.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.24 |
The correlation between FAHY.DE and GB1E.DE shifts across timeframes, from 0.14 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FAHY.DE vs. GB1E.DE — Risk / Return Rank
FAHY.DE
GB1E.DE
FAHY.DE vs. GB1E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FAHY.DE | GB1E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.24 | +0.52 |
| Martin ratioReturn relative to average drawdown | 4.39 | 5.22 | -0.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAHY.DE | GB1E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.99 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.37 | -1.01 |
Drawdowns
FAHY.DE vs. GB1E.DE - Drawdown Comparison
The maximum FAHY.DE drawdown since its inception was -28.23%, which is greater than GB1E.DE's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for FAHY.DE and GB1E.DE.
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Drawdown Indicators
| FAHY.DE | GB1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.23% | -4.31% | -23.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -3.10% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -4.31% | -7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -12.29% | — | — |
Current DrawdownCurrent decline from peak | -3.38% | -0.53% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -0.56% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.74% | +0.58% |
Volatility
FAHY.DE vs. GB1E.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a higher volatility of 1.87% compared to Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) at 1.09%. This indicates that FAHY.DE's price experiences larger fluctuations and is considered to be riskier than GB1E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHY.DE | GB1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.09% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 3.34% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 3.86% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 4.28% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 4.28% | +5.39% |
FAHY.DE vs. GB1E.DE - Expense Ratio Comparison
FAHY.DE has a 0.45% expense ratio, which is higher than GB1E.DE's 0.30% expense ratio.
Dividends
FAHY.DE vs. GB1E.DE - Dividend Comparison
FAHY.DE's dividend yield for the trailing twelve months is around 6.57%, while GB1E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.57% | 6.75% | 6.86% | 6.89% | 5.82% | 4.47% | 6.24% | 6.07% | 6.09% | 5.71% | 1.23% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAHY.DE and GB1E.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GB1E.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GB1E.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for FAHY.DE.
FAHY.DE tracks Bloomberg US Corporate High Yield TR USD, while GB1E.DE tracks Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. Their fees differ too: 0.45% for FAHY.DE and 0.30% for GB1E.DE.
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